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The University of California Board of Regents today approved a proposed campaign to raise at least $500 million toward the development of the first phase of UCSF Medical Center at Mission Bay.

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UCSF is planning to build a 289-bed, integrated medical center to serve children, women and cancer patients on a 14.5-acre parcel, which is south of UCSF's existing 43-acre life sciences campus at Mission Bay. Upon completion of the first phase in 2014, the 865,000-plus-gross-square-foot hospital complex will include:

The UCSF Medical Center at Mission Bay will provide a world-class, sophisticated, efficient, flexible and family-centered healing environment. The technologically advanced facilities will provide comprehensive diagnostic, interventional and support services, and use advanced robotic and imaging technology during surgery.

"It's a momentous time for UCSF," said Mark Laret, chief executive officer of UCSF Medical Center. "We are embarking on a bold plan to build a state-of-the-art hospital complex at Mission Bay. By locating the medical center at Mission Bay, with its fertile research environment, UCSF will be able to bring together the best scientists and clinicians to accelerate the pace of discovery into new medical advances that directly benefit patients."

The first phase of the Mission Bay hospital project is estimated to cost about $1.3 billion. State support for these facilities is expected to be limited; therefore, any new hospital construction must be financed through a combination of medical center reserves, debt financing and private support.

The campus has received significant early indication of private support for the project. The fundraising campaign is being conducted jointly by the University and UCSF Foundation, under the leadership of Senior Vice Chancellor Bruce Spaulding and Associate Vice Chancellor James Asp.

The plan to build new facilities at Mission Bay allows UCSF to increase inpatient and outpatient capacity to meet growing patient demand, address old and outdated facilities, and comply with state-mandated earthquake safety standards for hospitals. The new medical center is a key element of UCSF's long-term vision to advance its education, research and patient care missions.

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